Spectral AI, Inc. (NASDAQ:MDAIW) Short Interest Update

Spectral AI, Inc. (NASDAQ:MDAIW) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 5,235 shares, a growth of 108.6% from the January 29th total of 2,509 shares. Based on an average daily volume of 8,556 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 8,556 shares, the short-interest ratio is presently 0.6 days.

Spectral AI Price Performance

MDAIW stock traded down $0.01 on Friday, reaching $0.42. The company had a trading volume of 5,500 shares, compared to its average volume of 14,854. The company’s fifty day moving average is $0.47 and its 200 day moving average is $0.57. Spectral AI has a 1 year low of $0.22 and a 1 year high of $1.01.

Spectral AI Company Profile

Spectral AI Acquisition Corp I is a special purpose acquisition company (SPAC) incorporated in Delaware, trading on the NASDAQ under the ticker MDAIW. The entity was formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an emphasis on companies operating in the artificial intelligence and advanced data analytics sectors.

The company’s strategy centers on identifying and completing a business combination with a target that can benefit from its public listing and access to growth capital.